Indian Industry Criticizes FDI Efforts

By Neelam Mathews

NEW DELHI – As foreign vendors await an increase in the current cap of 26% in foreign direct investment (FDI) in the Indian defense sector, the native industry has raised its voice emphatically in opposing any increase.

The industry has also called for a level playing field in being permitted to apply for tenders in every defense project. There are currently certain levels of sensitive areas that ...

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